Gold Prices Lower In India

Mumbai (Mar 27)  Gold activity in India slowed in India despite prices falling to near one-year lows. Meanwhile, premiums charged by dealers over official domestic prices also fell. Gold prices in India include 10.75% import duty and 3% GST. Meanwhile, gold futures on MCX to ₹44,441 at day's low, before settling marginally lower at ₹44,650. For the week, gold fell about ₹500 in India, tracking softness in global rates.

Earlier this month, gold had declined to near one-year low levels of ₹44,150.

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